Is education more efficient in managing poverty than a UBI?

cAssociate professor of economics and urban policy at the Milano School of International Affairs, Management and Urban Policy and Department of ... read more

But poverty is even more expensive. A 2013 study estimated the costs of child poverty at as much as $500 billion a year. Kids who grow up poor end up with two years’ less education, work 450 fewer hours per year, and run three times the risk of bad health than those raised in families that are well off. read more

Rather, it’s the situation, the circumstance, that creates these problems. Poverty creates the problems, and the problems extend the poverty. Just as poverty can be a vicious cycle, so too can wealth be a virtuous cycle. Give someone money, and they will put it to good use. read more

A UBI better rewards meaningful contributions to society, such as domestic labour, art, volunteering, engaging with politics, and pursuing higher education. A UBI enhances working conditions. A UBI helps the labor market adapt to disruptive changes to the technology and culture of work, such as automation and artificial intelligence. read more